Big Lots strikes deal with Variety Wholesalers that could save brand, hundreds of stores
Less than 10 days after Big Lots announced a purchase agreement had fallen through, the discount retailer has agreed to a new deal.
Not all Big Lots stores are closing after all. Deal will save as many as 400 locations
Because of a sale brought about by global asset and real estate consulting firm Gordon Brothers, between 200 and 400 Big Lots stores will remain open.
Big Lots reaches deal to keep hundreds of stores open, save jobs
The privately-owned Variety Wholesalers plans to acquire 200 to 400 Big Lot stores and operate under the Big Lots brand.
Big Lots sale could save hundreds of stores. Will Whiteville’s be one of them?
A week after Big Lots announced going out of business sales, the company says that a newly negotiated deal will allow hundreds of its locations to remain open. However, as
Big Lots reaches deal with Gordon Brothers to keep up to 400 stores open
The discount chain said on Friday that it will be sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies. Gordon Brothers will then transfer Big Lots’ stores, distribution centers and intellectual properties to other retailers, Big Lots said in a news release.
Some Big Lots stores will remain open if bankruptcy court approves deal with new buyer
Big Lots, LLC, which is based in Columbus, Ohio, announced that it has found a buyer to acquire its stores, distribution centers and intellectual property to transfer to other retailers.
Big Lot makes 11th hour deal that could keep hundreds of stores from closing
Hundreds of Big Lot Stores could remain open after an agreement was made to sell off its assets. The Columbus based Big Lots says that Variety Wholesalers is looking at buying between 200 and 400 stories and operating them under the “Big Lots” name moving forward.
Big Lots approved for last-minute sale of 200 to 400 stores
Retailer Big Lots on Tuesday received a bankruptcy judge's approval for a last-minute sale that would allow 200 to 400 stores to remain open under new ownership.
Big Lots reaches deal to keep hundreds of US stores open
Big Lots said it’s being sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies.
Big Lots gets green light for last-minute sale of 200 to 400 stores
Home goods chain Big Lots got a reprieve to keep hundreds of stores open after a bankruptcy judge approved a last-minute sale to new owners, according to a report. US Bankruptcy Judge Kate Stickles gave the go-ahead for the sale of 200 to 400 stores at a court hearing Tuesday in Wilmington,
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Big Lots Keeps Up to 400 Stores Alive in Bankruptcy Sale, but Layoffs Hit HQ, DCs
A bankruptcy judge approved the sale of properties to discounter Variety Wholesalers, with Bruce Thorn terminated as CEO.
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Big Lots sells assets in last-ditch deal to attempt to save jobs, brand
Big Lots announced a buzzer-beater sale that could save hundreds of stores and thousands of jobs across the country. The ...
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Big Lots to layoff 555 Columbus workers as ‘going out of business’ sales begin
COLUMBUS, Ohio (WCMH) — Big Lots is commencing a mass layoff of 555 Franklin County workers after a deal collapsed that would’ve pulled the company out of bankruptcy. The retailer announced in ...
6 things to know about the future of your local Big Lots discount store in Akron area
Akron area Big Lots will close for good unless they get a second chance in deal to keep some of the retailer's locations open ...